The Christmas shipping season is expected to cause freight rates in Asia and Europe to continue to rise in December
15 December 2023
According to the latest report released by Linerlytica, Asia-European shipping charges are expected to continue to rise throughout December as shippers drive out cargo before Christmas. This trend reflects the impact of the holiday season on the international logistics and transportation markets. Asia to Northern Europe and the Mediterranean Sea shipping prices rise The latest Shanghai Container Shipping Price Index shows that shipping prices from Asia to Northern Europe have already risen.
The General Administration of Customs issued new measures to optimize railway rapid customs clearance to support the Belt and Road initiative
14 December 2023
To further support the high - quality construction of the Belt and Road Initiative, the General Administration of Customs has officially issued relevant measures to optimize the rapid customs clearance of railways, which came into effect on December 15, 2023. These new measures aim to promote the development of international railway combined transport trains and improve the efficiency and facilitation level of the rapid customs clearance and transportation of railway import and export goods within the territory. I. Application channels for the rapid - clearance business...
Turkey strengthens regulations on the import of electric vehicles: requires 140 service stations and call centers
12 December 2023
The Turkish Ministry of Commerce recently issued a new decree aimed at strengthening service support requirements for imported electric vehicles. Under this regulation, all car companies exporting electric vehicles to Turkey must establish at least 140 authorized service stations in the country and ensure that these services are evenly distributed throughout Turkey.
South Koreas response to urea supply challenges: signing a contract with a third country to ensure 4.3 months of inventory
11 December 2023
In simple terms, it means getting the tax money back. Imagine this: you run a factory producing a batch of clothing, and you paid 13% VAT when purchasing the fabric. Later...
Trade between China and Latin America and the Caribbean region has witnessed significant growth.
8 December 2023
Against the backdrop of the Chinese governments suspension of urea exports, South Korea has ensured sufficient supply of automotive urea for up to 4.3 months nationwide through cooperation with third countries and existing inventory. This move demonstrates South Koreas strategic flexibility and efficiency in addressing global supply chain challenges.
Japans seafood exports fell 28% in October
7 December 2023
According to the South Korean Ministry of Trade, Industry and Energy on the 10th, the deputy minister...
European carmakers lag behind China and the U.S. in competition for raw materials for electric vehicle batteries
December 6, 2023
European automakers lag significantly behind US and Chinese competitors in the race for electric vehicle battery raw materials, according to a new research report from Brussels-based Transport & Environment (T&E). The report, based on analysis of public contracts, shows European manufacturers can only secure one-sixth of the critical raw materials needed to meet 2030 EV battery sales targets...
Kazakhstan strengthens resource export control
5 December 2023
The Kazakh government has recently taken a series of key measures to restrict its exports of natural resources and energy products. These measures involve black metal and non-ferrous metal waste, coal and exports of liquefied petroleum gas, propane and tinate, showing strategic actions taken by the country in the global resource market. First, the Kazakh government announced that it would...
Global shipping faces dual challenges: the drought of the Panama Canal and the security threat of the Suez Canal
4 December 2023
The two world’s largest shipping gorges, the Panama Canal and the Suez Canal in Egypt, have faced serious transportation challenges in recent years. The drought crisis in the Panama Canal has caused congestion, while the Suez Canal has been affected by security threats and potential additional pressure. The two shipping channels have had a significant impact on global trade, forcing many shipping companies and export companies to rethink the issue.
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